PATTERSON COMPANIES INC

Jul 7, 2020
Hey, traders.
Pretty interesting paper to buy.

What's on the chart:
1. Strong mirror level of 23.01 formed by the gap on March 06.
2. We confirm the same level on July 06th exactly.
3. On June 29, we made a false breakout, however we did not roll back down and stopped at the support level of 22.06.
4. We are watching a series of retests of the level.
5. The pressure to the level in the daily chart is obviously forming.
6. H1 chart also is forming a pressure.

Safe scenario:
Waiting for the breakout of the level 23.01, entering the position at rebound after retest.
Protective SL is placed under the breakout bar.

Aggressive scenario:
Entry to breakout level 23.01.
Protective SL is placed under the breakout bar.

Jul 20, 2020

Trade closed: target reached